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Apr 21, 2013
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now certainly the san jose area still has apple, the world's most valuable company, as well as google. >> talk about that facebook phone. >> peninsula has facebook. but the new hot start-ups, twitter, yelp, sales force, were all drawn to san francisco. several because of the city's community benefit agreement or cba. a contract whereby the city agrees to drop some taxes in exchange for economic benefits. in the case of start-up zen, the company agreed to locate in the downtrodden tenderloin. and support local jobs. in this case, a accident desk luncheon catered by a charity which trains and employs formerly homeless workers. that arrangement has become known as the twitter tax break. however, it really ought to be known as the zen tax break. mark nu. martin giles of the economist. we will talk about how -- what you have to do to san francisco to earn this. but let's start with what you get out of it. why do you want this? >> i think that -- several things drove this product. one of the things i feel personally is the most for thing is that we have a focus for the entire company. we ar
now certainly the san jose area still has apple, the world's most valuable company, as well as google. >> talk about that facebook phone. >> peninsula has facebook. but the new hot start-ups, twitter, yelp, sales force, were all drawn to san francisco. several because of the city's community benefit agreement or cba. a contract whereby the city agrees to drop some taxes in exchange for economic benefits. in the case of start-up zen, the company agreed to locate in the downtrodden...
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Apr 22, 2013
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apple falling 9% last week as investors worried about softer demands for the iphone and the ipad. ibm lost 8% on friday. the biggest in eight years after disappointing earnings. >>> we will get status on existing home sales and earnings. the dow closed 14,457. while the nasdaq rose 39 points to 3,206. the u.s. government may be tightening its belt. it is having a minimal impact on businesses. the survey wants to know 80%, they lower government spending. higher taxes hasn't hurt their sales. profits are higher. this isn't translating into new jobs. only 22% of the companies say they have added workers in the past three months. back to you. >>> we are checking in with rob mayeda in for christina. bringing good weather with you. >> celebrating earth day. focusing on the sun. >> it is going to be warming up fast by lunchtime. i think what you'll find, around noon, temperatures in the mid to upper 80s. maybe some 90s on the map as early as 3:00 this afternoon. right now, 50s outside. you might be able to get away without worrying about a thick coat. temperatures will be warming quickly
apple falling 9% last week as investors worried about softer demands for the iphone and the ipad. ibm lost 8% on friday. the biggest in eight years after disappointing earnings. >>> we will get status on existing home sales and earnings. the dow closed 14,457. while the nasdaq rose 39 points to 3,206. the u.s. government may be tightening its belt. it is having a minimal impact on businesses. the survey wants to know 80%, they lower government spending. higher taxes hasn't hurt their...
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Apr 23, 2013
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apple reports earnings today. with the stock dropping below $400 a share after peaking above 700 in september, you know it's the talk of wall street. apple still selling a record number of iphones and ipads, but growth is dropping amid competition. the fed gets seven big banks to rein in bonuses for executives who meet or exceed performance targets. "the wall street journal" reports regulars have been concerned since the financial crisis about ties between high pay and the amount of risk that banks are taking. >>> well, now you never have to get off the couch. pizza hut and microsoft are launching a new app that lets people order food via xbox live. richard, back to you. >> now i'm kind of hungry. thanks, courtney. >>> other action on the street. netflix shares skyrocketing 24% in after-hours trading. and that's thanks in part to new streaming original content. the company announced a new family plan as well to let four users stream at once for just $11.99 a month. senators voted overwhelmingly in favor of debatin
apple reports earnings today. with the stock dropping below $400 a share after peaking above 700 in september, you know it's the talk of wall street. apple still selling a record number of iphones and ipads, but growth is dropping amid competition. the fed gets seven big banks to rein in bonuses for executives who meet or exceed performance targets. "the wall street journal" reports regulars have been concerned since the financial crisis about ties between high pay and the amount of...
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Apr 22, 2013
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apple fell 9% last week. worries about iphone demand have prompted investors to look for the exit. apple has lost $300 billion in market value since last september. >>> and the senate may vote today on a bill to let states collect sales tax on all online purchases. though ebay ceo has reportedly been recruiting users to rally against the measure. >>> and gas prices could drop another 20 cents by memorial day. it's due to falling oil prices and continued weak energy demand. good news for drivers looking to hit the road. richard? >> we will take that. thank you so much. >>> here are other stories we're keeping an eye on for you. if you're traveling by air today, allow a little more time. it's the first weekday with a 10% slash to the nation's air traffic controller work force. the furloughs went into place last night as part of the so-called sequester. delays were mostly nonexistent on sunday except for waits of up to an hour in and around new york and los angeles. but the real test begins today. the furloughs will last through september and are expected to save about $200 million. >
apple fell 9% last week. worries about iphone demand have prompted investors to look for the exit. apple has lost $300 billion in market value since last september. >>> and the senate may vote today on a bill to let states collect sales tax on all online purchases. though ebay ceo has reportedly been recruiting users to rally against the measure. >>> and gas prices could drop another 20 cents by memorial day. it's due to falling oil prices and continued weak energy demand....
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Apr 23, 2013
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some big earnings reports coming out today on wall street, not the least of which is apple. for more on that and the rest of our news before the bell, we turn to courtney reagan live at cnbc world headquarters. >>> good morning. futures are lower. that's after the market posted modest gains on monday. we will get data on new home sales and a ton of earnings. the dow rising 19 points. the nasdaq up 27 to 3233. apple reports earnings this afternoon with the stock in free-fall dropping about he low $400 after peaking above 400. analysts expect profits to shrink for the first time in a decade. police still selling a record number of iphones and pads. >> back to you. we'll see how they fair. thank you, courtney. christina loren has the day off. that means rob mayeda is in. i had the windows down. almost 70 right now. in napa and santa rosa. we have fog in parts of the coast. one of the stranger weather mornings you will see around the bay area. san francisco, we have north winds working into san francisco right now. you can see, it is 54 degrees. san francisco over toward oakland
some big earnings reports coming out today on wall street, not the least of which is apple. for more on that and the rest of our news before the bell, we turn to courtney reagan live at cnbc world headquarters. >>> good morning. futures are lower. that's after the market posted modest gains on monday. we will get data on new home sales and a ton of earnings. the dow rising 19 points. the nasdaq up 27 to 3233. apple reports earnings this afternoon with the stock in free-fall dropping...
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Apr 24, 2013
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today, apple delivering mostly soothing news. sales were strong, the company says it sold more than 37 million iphones and 19 million ipads. apple will increase the dividend it pays to shareholders while buying back more of its own stock. that is a nod to its slumping stock price. >> the next 700 you know dollar price share was really inflated. the market is actually taken it to a logical correction, which is much closer. 400 is still lower than it should be. which means it's a pretty good value. >> apple's ceo tim cook told reporters on a conference call this afternoon that apple has new products coming starting this fall. now, apple share price popped $20 higher this afternoon as the earnings were released and then fell back to the level it settled at in regular trading. other companies in the news. no question about the direction of netflix stock after losing a staggering amount of value six months ago, they've been on a comeback tear. they've reported better than expected earnings. today rewarding investors with a gain of 24t
today, apple delivering mostly soothing news. sales were strong, the company says it sold more than 37 million iphones and 19 million ipads. apple will increase the dividend it pays to shareholders while buying back more of its own stock. that is a nod to its slumping stock price. >> the next 700 you know dollar price share was really inflated. the market is actually taken it to a logical correction, which is much closer. 400 is still lower than it should be. which means it's a pretty...
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Apr 23, 2013
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it is pretty cool. >>> let's talk about apple, the big business story is going to be apple. the company reports profits. investors are in a bad mood. no matter what the quarterly numbers are, watch apple to be pessimistic about business going forward. that would be a strategic move by apple to push expectations down ward. on the market, dow industrial up 100 points. nasdaq up 23. netflix roaring ahead. millions of new subscribers. netflix bigger than hbo. up 23% this morning. it is up $41 to $215. however, that number right there, all-time high on netflix. they are not there yet. >> i remember that. bigger than hbo. kind of cool today. temperatures, i don't think so. specially if you are inland. let's check right now with meteorologist, rob mayeda in for christina. >>> you will see the numbers climbing into the 80s and upper 80s in a few spots. the areas in the orange, santa clara valley. the sea breeze will pick up as we hit toward the evening. big drop in temperatures, 60s and 70s in the bay area. >>> your commute still kicking in for this traffic tuesday. extra slowing so
it is pretty cool. >>> let's talk about apple, the big business story is going to be apple. the company reports profits. investors are in a bad mood. no matter what the quarterly numbers are, watch apple to be pessimistic about business going forward. that would be a strategic move by apple to push expectations down ward. on the market, dow industrial up 100 points. nasdaq up 23. netflix roaring ahead. millions of new subscribers. netflix bigger than hbo. up 23% this morning. it is up...
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Apr 23, 2013
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today apple won a court decision ruling that apple did not violate a patent owned by rival google when it made the iphone. a big deal for twitter today about big money. the san francisco company signing a multi year deal said to be worth hundreds of millions of dollars. today the senate voting to move a bill forward that if passed would require sales tax to be collected on certain internet purchases. >>> the first look at google glass. it's the latest way of taking internet with you. we will show you what it can do tonight at 6:45. it is in the hands and over the eyes of a few people in the bay area and it is already getting a lot of attention. >> looking forward to seeing that story. >>> in the south bay a scare for a lot of shoppers. there were voluntary evacuations at valley fair mall this morning after a construction crew hit a gas line. a contractor hit the service line around 8:00 this morning. the line was properly marked. the leak was stopped by about 9:30 a.m. >>> byob in most of san mateo county. shoppers will have to bring their own bags or get charged at the grocery store.
today apple won a court decision ruling that apple did not violate a patent owned by rival google when it made the iphone. a big deal for twitter today about big money. the san francisco company signing a multi year deal said to be worth hundreds of millions of dollars. today the senate voting to move a bill forward that if passed would require sales tax to be collected on certain internet purchases. >>> the first look at google glass. it's the latest way of taking internet with you....
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Apr 22, 2013
04/13
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apple has fallen way beyond exxon in overall market capitalization. pressure growing on ceo tim cook to say something, do something, excite the apple faithful and share holders. show we have got something up his sleeve more than just an incrementally better iphone. apple reports its profits tomorrow and has a telephone conference with reporters and analysts. tomorrow, eric schmitt's new book comes out. the former ceo of google teamed up with jarrod cohen to write about the digital age from his trip to north korea. it will be in bookstores tomorrow. let's check the markets with courtney reagan. good morning. >>> hi. good morning to you, scott. futures are higher as the markets come down. the dow posted its biggest weekly decline in nearly a year. you mentioned apple. softer demands today iphone and ipad. ibl lo ibm lost 8% on friday. we will get earnings on existing home sales and cal pillar and n netflix. the nasdaq rose 39206. >>> there cob a bill to collect sales tax on all online purchases. that will give local governments in as much as $11 billion
apple has fallen way beyond exxon in overall market capitalization. pressure growing on ceo tim cook to say something, do something, excite the apple faithful and share holders. show we have got something up his sleeve more than just an incrementally better iphone. apple reports its profits tomorrow and has a telephone conference with reporters and analysts. tomorrow, eric schmitt's new book comes out. the former ceo of google teamed up with jarrod cohen to write about the digital age from his...
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Apr 21, 2013
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apple is relinquishing the title of world's most valuable company at least for now. for more on what is happening in the world of business, here is jackie deangelis. >> we will celebrate the honor book day and watch nba games all week, and hope that wall street get back after volatile trading. there will be a prediction of the gross domestic product in the first part of the week released. because of spending cuts, analysts predict a sharp slowdown of the earlier estimate s. a lot of news on the housing recovery. with sales on new homes and exists homes last month and requests for new homes areport due out this week. and boeing took more orders for planes last month, but it is working to get the 787 dreamliners back on the air. profits could fall by a fifth last quarter as demand for the ipads and iphones have declined. >>> and a nickel minted in 1913 and only one of five known to exist is expected to fetch $2.5 million when it hits a chicago area auction block this week. i'm jackie deangelis, and get all of your news on nbc. >>> and starting tomorrow, most stores in
apple is relinquishing the title of world's most valuable company at least for now. for more on what is happening in the world of business, here is jackie deangelis. >> we will celebrate the honor book day and watch nba games all week, and hope that wall street get back after volatile trading. there will be a prediction of the gross domestic product in the first part of the week released. because of spending cuts, analysts predict a sharp slowdown of the earlier estimate s. a lot of news...
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Apr 22, 2013
04/13
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apple reports its profit on tuesday. they no doubt will report that they made suitcases full of cash. some small hint ahead could help the stock more than anything else. that appears to indicate apple has sent millions of iphone 5s back to the manufacturer. it appears, because i can't read chinese. that's what translations of the newspaper website says. the problems with the phones, mostly cosmetic. google chairman, eric schmitt, has written a book called the new digital age. it will reportedly include a count of his trip to north korea. orbital sciences launched a rocket over the weekend. they have a bit of an advantage. they have been making missiles for years. the rocket didn't go to the station. it was just a test. >>> jon and laura, over the weekend, i got a chance to host the tech challenge award where kids create an invention to solve a problem. very involved. this year, more than 3500 kids participated. i handed out awards for elementary school. scott budman did the same for junior high. at the elementary level,
apple reports its profit on tuesday. they no doubt will report that they made suitcases full of cash. some small hint ahead could help the stock more than anything else. that appears to indicate apple has sent millions of iphone 5s back to the manufacturer. it appears, because i can't read chinese. that's what translations of the newspaper website says. the problems with the phones, mostly cosmetic. google chairman, eric schmitt, has written a book called the new digital age. it will reportedly...
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Apr 24, 2013
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apple's profits falls for the first time in a decade and the firm is forecasting slower growth. still, the maker of ipads and ipods plans to return $100 billion to investors by 2015 in the form of stock buybacks and higher dividends. apple's rival, samsung, begins opening its stores within a store at 1,400 best buys nationwide today. and the market's on a three-day win streak following tuesday's gains. back to you. >> mary thompson at the new york stock exchange, thank you. >>> a police officer in columbia performed an amazing save when a man on a commuter platform allegedly tried to hurl himself in front of an oncoming plane. while the police officer nabbed him by the back of his shirt, threw him to the ground, saved his life. thank goodness for that. 7:15 right now. back to matt, savannah, and al. >> all right, thank you so much. >>> mr. roker's got a check of the weather. >> got a lot of cold air to talk about, especially out west. let's show you what we've got. first of all, we're talking about frost advisories, freeze warnings, and hard freeze warnings, stretching from the
apple's profits falls for the first time in a decade and the firm is forecasting slower growth. still, the maker of ipads and ipods plans to return $100 billion to investors by 2015 in the form of stock buybacks and higher dividends. apple's rival, samsung, begins opening its stores within a store at 1,400 best buys nationwide today. and the market's on a three-day win streak following tuesday's gains. back to you. >> mary thompson at the new york stock exchange, thank you. >>> a...
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Apr 23, 2013
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all eyes on apple ahead of its earnings report this afternoon. the concern is that the company could say it saw a sharp drop in iphone sales. the stock taking a big beating down nearly 45% since its peak last september. meantime, netflix is another one to keep an eye on. the on demand movie streaming site reporting a gain of 2 million u.s. subscriber. that's sending the stocks soaring in after hour sessions. >> jackie with the new york stock exchange, thanks. >>> a terrifying moment in celina, kansas, where a woman walked into a bathroom at the circus, closed the door, and then she came face to face with a tiger two feet away from her. this is video when the massive feline escaped during its performance. then when the woman was in the bathroom with the tiger, she stayed calm. she was able to exit and alerted workers who then recaptured the animal. the woman's 3-year-old daughter meanwhile had only one concern about that hair racing incident. she wanted to know if the tiger washed its hands before leaving the bathroom, its paws. >> that's like a s
all eyes on apple ahead of its earnings report this afternoon. the concern is that the company could say it saw a sharp drop in iphone sales. the stock taking a big beating down nearly 45% since its peak last september. meantime, netflix is another one to keep an eye on. the on demand movie streaming site reporting a gain of 2 million u.s. subscriber. that's sending the stocks soaring in after hour sessions. >> jackie with the new york stock exchange, thanks. >>> a terrifying...